RNDC WISDOM MANOR INC

EIN: 921072162 501(c)(3)

NEW ORLEANS, LA

Total Revenue
$312,907
Total Expenses
$587,341
Total Assets
$2,832,041
Net Assets
$1,126,470
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
LA
Principal Officer
VANESSA LEVINE
Phone
5047084370
Tax Period
2024-07-01 to 2025-06-30

RNDC WISDOM MANOR INC, founded in 2022, is a small nonprofit that reported $313K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $587K exceeded revenue, resulting in a 88% operating deficit.

Mission

THE MISSION OF THE ORGANIZATION IS TO PROVIDE HOUSING RELATED SERVICES TO LOW AND (CONT'D ON SCH O) MODERATE INCOME SENIORS WHO ARE IN NEED OF AFFORDABLE HOUSING OPTIONS. THIS INCLUDES THE OWNERSHIP, OPERATION, AND DEVELOPMENT OF THE AFOREMENTIONED LOCATION WITH THE PROVISION OF HOUSING RELATED SERVICES ON A NONPROFIT BASIS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $306,744
Investment Income $4,995
Other Revenue $1,168
TOTAL REVENUE $312,907

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $587,341
Other Expenses $587,341
TOTAL EXPENSES $587,341

Year-over-Year Comparison

2024 2023 Change
Revenue $312,907 $337,204 -0.1%
Expenses $587,341 $635,273 -0.1%
Net Income $-274,434 $-298,069 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
2
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$1,771,805
Total Directors
4
$1,278,974
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEONARD SIMMONS JR CHAIRMAN 1.00
Officer Director
$0 $0 $0
MIKE KING SECRETARY 1.00
Officer Director
$0 $183,373 $868,407
SHAWN M BLOOM TREASURER 1.00
Officer Director
$0 $0 $0
VORIS VIGEE PRESIDENT & CEO 1.00
Officer Director
$0 $125,492 $410,567
VANESSA LEVINE EXECUTIVE DIRECTOR 1.00
Officer
$0 $70,114 $283,077
GARY ZAPATA CHIEF FINANCIAL OFFICER 1.00
Officer
$0 $46,540 $209,754
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $312,907 $587,341 $2,832,041 $-274,434
2024 $337,204 $635,273 $3,056,975 $-298,069
2023 $1,807,855 $108,882 $3,356,557 $1,698,973
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